Zacks Investment Research upgraded Signature Bank (NASDAQ:SBNY) to Hold in a report released today.
- Updated: September 15, 2016
Zacks Investment Research has upgraded Signature Bank(NASDAQ:SBNY) to Hold in a report released on 9/16/2016.
Displaying a price of $116.22, Signature Bank (NASDAQ:SBNY) traded 0.28% lower on the day. With the last close down 10.87% relative to the 200-day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. The company has been tracking to a 50-day average of $119.06 and two hundred day moving average of $129.84. 409,109 shares of the stock traded, down from ann average volume of 491,578
Recent Performance Graphic:
With a market cap of $0.0, Signature Bank has a 52 week low of $114.36 and a 52 week high of $163.15 with a P/E ratio of 15.
A total of 17 firms have released a report on the company. Four firms rate the stock a strong buy, 10 analysts rate the stock a buy, four firms rate the stock a hold, 0 rate the stock to underperform, and finally 0 analystsrate the company as sell with a consensus target price of $161.41
General Company Details For Signature Bank (NASDAQ:SBNY)
Signature Bank (the Bank) is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area, including those in Manhattan, Brooklyn, Westchester, Long Island, Queens, the Bronx, Staten Island and Connecticut. The Bank offers a range of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial LLC (Signature Financial), provides equipment finance and leasing. Signature Securities Group Corporation (Signature Securities), a Bank subsidiary, is a licensed broker-dealer, investment advisor and member financial industry regulatory authority/securities investor protection corporation (FINRA/SIPC), offering investment, brokerage, and asset management and insurance products and services. The Bank’s deposits total over $26.77 billion. Its loans and non-accrual loans total over $23.79 billion and over $71.9 million respectively.
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